Accounting Multiple Choice Question – 16 March 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Which of the following is a realised gain?

Select ONE answer:

  1. a surplus on revaluation of trade investments to current market value
  2. a surplus arising from a professional revaluation of the company office block
  3. a surplus arising on the sale of patents
  4. Goodwill arising on the purchase of another business

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct
  4. Not correct

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